By Marisa Wong
Morgantown, W.Va., April 25 – JPMorgan Chase Financial Co. LLC priced $2.39 million of 0% digital equity notes due July 9, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is at least negative 10%, the payout at maturity will be the threshold settlement amount of $1,129.50 per $1,000 principal amount.
Investors will lose 1.1111% for each 1% loss beyond 10%.
J.P. Morgan Securities LLC is the underwriter.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital equity notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2.39 million
|
Maturity: | July 9, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is at least negative 10%, par plus 12.95%; otherwise, 1.1111% loss for each 1% loss beyond 10%
|
Initial index level: | 3,408.10
|
Pricing date: | April 6
|
Settlement date: | April 13
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | None
|
Cusip: | 48129MGA8
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.